Top Core Insurance Software Solutions

BML Istisharat offers the most comprehensive set of end-to-end core insurance solutions, applications, and software on the market today. BML Istisharat’s insurance solution offers an integrated approach for banks and insurance companies to seamlessly integrate the core banking and core insurance software into one.

Joe Faddoul, CEO of BML Istisharat explains, “The main issue with a bank selling insurance with two different systems is that you have to duplicate all the transactions; the transactions must be captured at the bank level and at the insurance level. Since we are providing both solutions we have seamlessly interfaced our banking functions with our insurance functions.

That means that the person capturing the transaction at the counter level in the bank has to capture it only once, and it will impact both the banking system and the insurance company system.  Furthermore, it will automate everything that follows i.e. the monthly payments, commissions, reinsurance etc.”